Selling. 3 months and no offers

advice_please_2

GDB2222 wrote: »

You'll either have to wait until someone comes along who wants your room layout, or drop the price a bit to tempt people to compromise. Is the present layout the way it was built or has it been changed? Personally, we have a largish kitchen-diner, and we virtually never use the dining room.

I think that's it
No changes have been made

KitChen 12' x 7' 8" (3.66m x 2.34m
Lounge diner 16' 10" x 14' 8" (5.13m x 4.47m

advice_please_2

Update. Price drop £10k
Fingers crossed

SecondTimeBuyer

Good luck! Becareful not to chase the market down (ie dropping yours from £230k to £220k when similar properties were £220k and are now £210k).

advice_please_2

SecondTimeBuyer wrote: »

Good luck! Becareful not to chase the market down (ie dropping yours from £230k to £220k when similar properties were £220k and are now £210k).

Thanks
But can you explain the above?

HB58

advice_please wrote: »

Thanks
But can you explain the above?

If you are slow to respond, you might find that you are always more expensive than surrounding, similar, properties as the market falls.

DannyboyMidlands

Sorry for jumping in.

Chasing the market down is where you reluctantly reduce your asking price but you do it too late. Your house never looks good value because your price follows the market down rather than getting ahead of it.

For example it may be better to reduce by £20k and sell it next week rather than knock £10k off, sit on the market for another 2 months, knock another £10k off, sit on the market................etc. etc.

myhouse_2

littlesparkles wrote: »

The EA said we were priced right and it was just the market.
.

So what the EA actually was meaning was "it's not priced right for the market"

advice_please_2

Thanks
No not chasing market down, as our price originally was in line to market, but with competition from new builds not far away has given buyers options

Fire_Fox

Look at sold prices for your street and area NOT for sale prices.

advice_please_2

Have done so next door which is an attached semi went for £234k end of 2010. A similar house on another road £230k.
Ours is end semi better condition, now priced at £229k